First ORAC Russian plant is opened in Kaluga Region

An official opening ceremony of the first stage of ORAC Decor Plant took place on September 20 in Vorsino Industrial Park, Kaluga Region. The plant will manufacture Orac decorative synthetic moldings and decorations. The ceremony was attended by: Vladimir Potemkin, Vice Governor of Kaluga Region, Jean-Arthur Régibeau, Extraordinary and Plenipotentiary Ambassador of the Kingdom of Belgium to the Russian Federation, Guy Taillieu, founder of ORAC NV, Yves Taillieu, owner of Orac NV, Maxim Lomonosov, Director General, OOO Orac.

Scope of investments is RUR 500 million. About 50 new jobs are to be created upon achieving full production capacity. The production facility is built at a 3.3 ha land plot.

ORAC n.v. was established in Ostende, Belgium, in 1970. Today the company applying innovative technologies manufactures a wide range of interior moldings, including such sophisticated dimensional products as columns, pedestals, domes etc.

ORAC n.v. operates two plants; the first one is located in Ostende, Belgium, and the second one in Lipany, Slovakia.

The company exports its products to over 90 countries of the world. Among the most prominent projects implemented with the use of the company’s products are Moscow Kremlin, a number of Moscow theaters, Marriott hotel in Cologne, Royal Palace in Madrid, Sheraton hotel in Berlin, palaces, temples, and abbies in the UK and France, as well as shops belonging to Tommy Hilfiger chain.

Jean-Arthur Régibeau underlined that Belgium supports small and medium businesses, which demonstrate growth and efficiency. “New technologies applied at the plant will promote creation of high quality products at affordable prices. We are oriented to establish long-term relationship with Russia”, - the Belgian Ambassador to Russia added and thanked the regional team and representatives of Vorsino Industrial Park for their input in the implementation of the project.

Guy Taillieu said: “Russian market is a very promising and strategically important market for us. We expand the pool of our business partners in Russia. We are open for new ideas, which will be implemented in Russia. We are very much impressed by what we managed to make here, in Vorsino Industrial Park. In particular, we are impressed by the short commissioning period”.

About Vorsino Industrial Park:

Vorsino Industrial Park is the major industrial site in the region, it has 1,610 ha. More than 40 leading Russian and international companies, including Samsung, L’Oreal, Nestle, AstraZeneca Industries, NLMC became residents of the Park. Multi-modal transport and logistics complex Freight Village Vorsino located in Vorsino Industrial Park became the part of New Silk Road international logistics project, which consolidates economic interests of Russia, China, South Korea and Eastern Europe.